Companies should generally use the same accounting principles for interim reports and for annual reports.

Name: Companies should generally use the same accounting principles for interim reports and for annual reports.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Interim reports and annual reports should be prepared using the same accounting principles to ensure consistency and comparability of financial information. This is important for stakeholders to make informed decisions based on accurate and reliable financial information.

Companies Should Generally Use the Same Accounting Principles for Interim